Don't Worry , Be Happy !
The ” pledge ” word is very common term for borrower and lenders or bankers and financial institutions, because this term comes in practice on day to day basis for them. Pledging shares to obtain margin or loan from bank is most common for businessmen , therefore , at various points question related to the transaction of “pledge of...
The confusion regarding capital gains on sale of property received as gift from relative is very common among tax payers. One such tax payer, a subscriber to this blog Sri Som Rajan , has asked by mail “Whether sale of gifted property is exempt from LT capital gain, e.g. land gifted by parents.”.Since the question asked by...
Period of holding of a capital asset is very important step in determination of liability of capital gains. If you are holding shares or mutual fund units or other securities and sold through stock exchange , it shall be tax free if it is held for 12 months or more before sale . Similarly, other assets...
The tax rate for long term capital gains on listed shares sold through recognized stock exchange is NIL and the short term capital gains is 15 % for listed shares.How do you consider a capital asset as long term or short term is given in section 2 (42A) of the Income tax Act which states...
Section 54EC of the Income Tax Act provides exemption provision in case of long term capital gains . The confusion actually in the mind of the tax payer starts when he has to decide how much he/ she has to invest in the specified bonds of section 54EC . The real confusion is about whether...
The tax deduction u/s 80DDB of the Income Tax Act provides relief to tax payers who are individual … [Read More...]
A video reports on tax planning by US based corporate to shift their office elsewhere in other … [Read More...]
Monthly Subscription
Annual
Semi Annual Subscription
Quiz for CA/ICMA/CS Students